Point Engineering Co (XKRX:256630) Days Payable : 8.35 (As of Dec. 2023)

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What is Point Engineering Co Days Payable?

Point Engineering Co's average Accounts Payable for the three months ended in Dec. 2023 was ₩575 Mil. Point Engineering Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩6,279 Mil. Hence, Point Engineering Co's Days Payable for the three months ended in Dec. 2023 was 8.35.

The historical rank and industry rank for Point Engineering Co's Days Payable or its related term are showing as below:

XKRX:256630' s Days Payable Range Over the Past 10 Years
Min: 9.35 Med: 17.48 Max: 26.12
Current: 10.95

During the past 8 years, Point Engineering Co's highest Days Payable was 26.12. The lowest was 9.35. And the median was 17.48.

XKRX:256630's Days Payable is ranked worse than
98.43% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs XKRX:256630: 10.95

Point Engineering Co's Days Payable declined from Dec. 2022 (12.15) to Dec. 2023 (8.35). It may suggest that Point Engineering Co accelerated paying its suppliers.

Point Engineering Co Days Payable Historical Data

The historical data trend for Point Engineering Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Point Engineering Co Days Payable Chart

Point Engineering Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.03

16.38

18.57

15.35

9.35

Point Engineering Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															12.15	11.97	12.12	12.81	8.35

Competitive Comparison of Point Engineering Co's Days Payable

For the Electronic Components subindustry, Point Engineering Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Point Engineering Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Point Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Point Engineering Co's Days Payable falls into.

Point Engineering Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Point Engineering Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (969.543	+	380)	/	2 )	/	26352.737	*	365
=	674.7715					/	26352.737	*	365
=	9.35

Point Engineering Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (769.023	+	380)	/	2 )	/	6278.725	*	365 / 4
=	574.5115					/	6278.725	*	365 / 4
=	8.35

Point Engineering Co Days Payable Related Terms

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Point Engineering Co (XKRX:256630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Point Engineering Co Ltd (XKRX:256630) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Asan Valley-ro, Dunpo-Myeon, Chungnam, Asan-si, KOR

Website

http://www.pointeng.co.kr

Point Engineering Co Ltd is a South Korea based company engaged in manufacturing of precision parts and materials based on fine machining and surface treatment technology. The products of the company include LCD Parts such as Susceptor, Diffuser, Backing Plate and Upper Electrode. It also provides Etch Part and Metal Frame among other products.

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